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M <br />IXORA UTILITIES, INC. <br />COMPARATIVE BALANCE SHEETS <br />FOR THE PERIODS INDICATED <br />For The Fiscal Years <br />Ended May 31, <br />1976 <br />1977 <br />ASSETS <br />Utility Plant in Service <br />Water and Sewer Plant <br />$126,536.38 <br />72,571:61 <br />$126,536.38 <br />77,917.96 <br />Less: Accumulated Depreciation <br />Net Utility Plant in Service <br />$ 53,964.77 <br />$ 48,618.42 <br />Current Assets <br />' <br />$ 14,245.96 <br />$ 14,575.50 <br />Cash <br />Notes and. Accounts Receivable <br />7,853.65 <br />2,428.00 <br />Total Current Assets <br />$ 22,099.61. <br />$ 17,003.50 <br />w <br />other Assets <br />Notes Receivable - Non -Current <br />$ 43,228.38 <br />$ 30,451.89 <br />$119,292.76 <br />$ 96,073.81 <br />TOTAL ASSETS <br />LIABILITIES AND STOCKHOLDERS' <br />EQUITY <br />Stockholders' Equity <br />$ 10,000.00 <br />$ 10,000.00 <br />Common Stock <br />60,534.25 <br />60,704.42 <br />Retained Earnings <br />Total Stockholders' Equity <br />$ 70,534.25 <br />$ 70,704.42 <br />Current Liabilities <br />$ 4,666.67 <br />$ 5,566.67 <br />Accounts Payable <br />30,000.00 <br />0 <br />Notes Payable - Current <br />866.84 <br />61237.72 <br />Accrued Liabilities <br />Total Current Liabilities <br />$ 35,533.51 <br />$ 11,804.39 <br />Fixed Liabilities <br />. <br />$ 8,960.00 <br />$ 8,960.00 <br />Notes Payable <br />4,265..00 <br />4,605.00 <br />Meter Deposits Payable <br />Total Fixed Liabilities <br />$ 13,225.00 <br />$ 13,565.00 <br />TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY <br />$119,292.76 <br />$ 96,073.81 <br />-UNAUDITED- <br />-J 191978 <br />_ ����; <br />35 PA:,7 <br />